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SAB set to cut 500 jobs

In light of current economic conditions South African Breweries, currently under the AB InBev banner, is looking to cut 500 jobs.

As part of a Section 189 process the company and the Food and Allied Workers Union are meeting for the first time at the CCMA on Wednesday.

This comes a day after data from Statistics South Africa showed an increasing trend in job losses over the years.

Fawu Deputy General Secretary Mayoyo Mngomezulu told Moneyweb that the union is set to thrash out the matter at the Commission for Conciliation, Mediation and Arbitration (CCMA) on Wednesday.

“This is just not on and we are going to fight this move by SAB… We have no doubt that the planned retrenchments are in some way linked to the 2016 merger and that the group’s foreign owners want to cut jobs in order to maximise profits.”

The company says the retrenchments are necessary in light of current economic conditions and says it’s in line with its merger conditions that the cuts will be limited to specific workers.

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